Bailees may provide coverage for property of others that the insured is legally liable for in the insured’s care, custody or control, at a designated premises. A bailee is a person or party to whom goods are delivered for a purpose without transfer of ownership.

Typical risk profiles are:
Dry Cleaners
Laundries
Tailors
Upholsterers

Business Income Coverage on a coinsurance percentage or monthly limitation basis. The limit is based on net income and continuing normal operating expenses including payroll. Continuing expenses can include taxes on the land, interest debt, non-cancelable contracts for heat, lights etc. It is imperative that the proper value be determined. Contact us for assistance in determining the property Business Income Limit.

Extra Expense coverage is designed to pay for costs that exceed normal operating expenses. Avoid or minimize the interruption of business by continuing business operation, whether at the described premises or elsewhere; or minimize the interruption of business if the insured cannot continue business operations.

Coverage under this form applies in the same manner and with the same general options as in the personal property coverage form, except for considerations given to the unique nature of condominium bylaws and their coverage requirements.

Coverage only applies to unit-owners of commercial businesses, including vacation rental operations, and does not duplicate coverage purchased by the condominium association. Therefore, the Condo declarations and bylaws must be examined to determine if fixtures, improvements and betterments should be covered by the association or by the unit-owner.

Personal property inside of a
named insureds’ unit
Personal property of others in the
care, custody, control of the unit-owner
Personal property outside the unit
within 100 feet
Deductible Options
Loss Assessment Coverage
Miscellaneous Real Property Coverage

In addition to the physical loss or damage to property after a fire, windstorm or other disaster, an insured is often left with debris to be cleared (sometimes at considerable expense) before the property can be used. An insured should consider debris removal costs in establishing limits of insurance on covered property. The insured may need to contact construction or demolition firms for estimates of the probable costs of clearing the site in the event of a worst-case scenario. 

Electronic Data Processing Systems - Commercial Property for small Electronic Data Processing (EDP) systems is available only when written in conjunction with other property coverage (Building or Business Personal Property. The covered causes of loss may include changes in electrical supply or power surge if within 1,000 feet and may remove exclusions for artificially generated electrical current and mechanical breakdown. The form may add additional coverages for Extra Expense and Fire Protection Equipment.

Verify:
Auxiliary power is available in case of power failure
Controls are in place to prevent power fluctuations or momentary interruptions
Data is routinely backed up and secured so it can be recovered in case of damage to the main system

Commercial Property forms cover losses to boilers and machinery, or other property, only when caused by covered causes of loss. The forms may not cover machinery or equipment including business equipment, air conditioning, refrigeration, boilers or pressure vessels when the loss is caused by an uninsured or excluded cause of loss.

Equipment Breakdown coverage may protect the equipment, machinery and systems that run the businesses we insure.

 It may pay for damage caused by electrical current or arcing, mechanical breakdown including rupture or bursting caused by centrifugal force, explosion of steam boilers, engines, pipes or turbines that are owned or leased which are operated under the insured’s control, loss or damage to hot water boilers or other heating equipment, or loss or damage to steam boilers, engines, pipes or turbines caused by any condition or occurrence within such boiler or equipment.

If your customer depends on any one of the below systems or equipment, they may have a need for equipment breakdown coverage. Contact us for more information. 

Air Conditioning or Refrigeration
Any other mechanical or electrical system or equipment located in the building and used in the insured's business
Boilers
Commercial Cleaning Equipment
Computer Systems
Counters, meat or produce storage equipment
Foundry or Smelting Equipment
Freezers
Heating Systems
Manufacturing Equipment
Printing Presses
Pressure Vessels
Refrigeration equipment, including coolers
Spinning or Weaving Machinery
Telephone Systems